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Showing posts from December, 2022

Os pormenores do contrato

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 dez22 Concession contracts summary: everything you need to know   by   Andrew W Scott     Wed 21 Dec 2022 at 09:38 29 SHARES 732 VIEWS Below is a summary of significant terms and conditions under the  concession contracts signed on Friday 16 December 2022 , as understood by  IAG . (Note exchange rate US$1 = MOP$8)   Contract terms and conditions common to all concessionaires Term Concession term: 1 January 2023 to 31 December 2032 Early concession termination By mutual agreement By breach of obligations by concessionaire By public interest reason(s) By threat to national security By lack of concessionaire suitability At government’s option with one year’s notice from the eighth year of concession (with all legal rights and obligations accrued to the concessionaire before the date of redemption notice assumed by the Macau SAR government, and reasonable and fair compensation to the concessionaire) Operations Operating hours Must operate 24/7, every day of the year Operations may cease a

allocation of tables and slot machines

 dez22 The Macau government has announced its allocation of tables and slot machines under the new concession period to commence from 1 January 2023. The government  had previously announced  the number of tables and slots in Macau under the new concessions would be reduced to 6,000 and 12,000 respectively. This represents a 13% reduction in tables from the former 6,925 under the table cap which applied to the previous concession period set to end on 31 December 2022, and a 3% reduction in slot machines from the DICJ’s last official count of 12,387 machines as at the end of September. The biggest winner is MGM with an additional 198 tables to add to its former allocation under the table cap, representing an increase of 36%. MGM is the only one of the six concessionaires to receive an increase in table allocation, with the other five concessionaires, SJM, Melco, Wynn, GEG and Sands, losing 743, 196, 100, 79 and 5 tables respectively. SJM’s enormous loss of tables likely reflects the  de

Non-gaming (geral - há outras entradas)

set23 Os apoios das concessionárias às Pequenas e Médias Empresas (PME) estão a ser desviados para apoiar os projectos do Governo de revitalização da cidade. A hipótese é colocada pelo deputado Ron Lam, que questiona o facto de quase um ano após a atribuição das novas concessões de jogo, apenas serem conhecidos os planos das concessionárias para financiar projectos do Governo. No âmbito das novas concessões, as operadoras de jogo são obrigadas a apresentarem um plano sobre as actividades que vão apoiar no ano seguinte, no âmbito das exigências de responsabilidade social. O Executivo de Ho Iat Seng tem evitado tornar esses documentos públicos, sendo a informação inexistente. No entanto, nas últimas semanas, foi anunciado pela secretária para os Assuntos Sociais e Cultura, Elsie Ao Ieong U, que as concessionárias vão ser responsáveis pelos projectos governativos de revitalização da zona da Barra, Rua da Felicidade, Ponte-Cais nº 23 e 25, no Porto Interior, a zona perto da Avenida de Alme

Hengqin

apr24 Hengqin’s tourist attractions welcomed 11.64 million visitors in 2023, representing a year-on-year hike of 341.48 per cent. The deputy director of the executive committee of the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Su Kun, disclosed this information on Monday during a seminar on the  new visa arrangements . Su emphasised that the continuous improvements in customs policies have facilitated the movements of people between Macau and Hengqin. Hengqin authorities expect another surge in traffic at the Hengqin checkpoint this Labour Day Golden Week, with an estimated daily average of 77,000 border crossings. At the seminar, the deputy director said that the cooperation zone would accelerate the development of multi-destination tourism, leveraging the advantages of the new visa arrangement. Starting from May 6, a new multiple-entry visa arrangement for package tours will be implemented for Chinese nationals travelling between Macau and Hengqin. Visitors on package tour